Nisin Marketsize was valued at over USD 440 million in 2015 and may surpass USD 550 million by 2024, with over 4% growth. Strong application outlook in food industry may drive product demand.

Meat production dominated the application landscape and may show significant gains up to 2024. U.S. meat production application generated over USD 7.5 billion revenue in 2015. Rising disposable income may favor increase in meat consumption which may support global nisin market size growth. China meat application demand generated over 85 kilo tons in 2015. Meat contains essential amino acid which is used as a protein source and help maintain good health. In addition, it is consumed to control appetite and weight loss. Rising consumer health consciousness due to disease outbreak may affect meat consumption demand.

Food & beverage industry growth may favor canned vegetables demand and is likely to have a significant growth up to 2024. Canned vegetables use nisin, which helps in preserving and extending product shelf life. It is also used to protect food products from spoilage without affecting product color and taste.

The U.S. seafood market may generate over USD 20 billion up to 2024. Growing omega 3 (EPA/DHA ingredients) demand may rise due to increasing consumer awareness regarding its health benefits may drive aquaculture market. Global EPA/DHA ingredients market size was over 90 kilo tons in 2015 may grow at over 5% during the forecast timeframe. According to industry study, global aquaculture market is set to surpass USD 200 billion by 2024, with significant gains at over 5% CAGR. China aquaculture production accounted for over 65% of total market share in 2015.

Bakery application accounted for over 21% of total market revenue in 2015. Rising consumer preference towards appearance and texture of bakery goods may drive nisin market size. Canada exports bakery products to the U.S. which include biscuits, pastries, cakes, dough mixes, breads, cookies, pies, cereals and waffles. Shift in focus towards consumer preference for pastries and breads mainly in breakfast and afternoon meals along with less preparation time particularly in Thailand may fuel industry growth.

Increase in lactate concentration and decrease in pH may affect end product formulation. It is safe to use as a preservative and prevent tooth decay. High manufacturing costs may affect industry growth and put pressure on nisin market price trend.

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